Japan based MUFG Bank, a wholly owned subsidiary of Mitsubishi UFJ Financial Group (MUFG), has announced an investment of ₹39,618 crore (around $4.4 billion) to acquire a 20% stake in Shriram Finance through a preferential allotment of equity shares. The transaction represents the largest foreign direct investment (FDI) ever made in India’s financial services sector. … Continue reading Japan’s MUFG to Invest ₹39,618 Crore for 20% Stake in Shriram Finance